Chicago Executive Compensation Attorneys
The attorneys at Chicago's Nolan Law Office have over 30 years of combined experienced negotiating and enforcing employment agreements on behalf of executives and professionals. Over the years, we have been fortunate to advise leaders in the legal, medical, banking, insurance, non-profit and many other professional industries about how best to protect their rights.
Negotiation of Employment Agreements
Negotiating a favorable employment agreement at the outset is a critical step in both securing favorable compensation as well as understanding the terms and conditions that will govern your employment. For instance, common elements of an executive employment agreement like non-solicitation, non-competition and confidentiality provisions can impact both your current and future employment prospects. Likewise, severance agreements often contain the same provisions and ask the employee to waive his or her rights against the employer. That is why it is critical for executives and professionals of all kinds to retain experienced employment lawyers to evaluate and negotiate their employment agreements.
Enforcement of Employment Agreements
In some cases, even despite the parties’ best intentions, disputes or disagreements arise about an employment agreement. In these cases, it is important to retain experienced employment counsel that can take stock of the parties’ respective positions and offer advice on how best to proceed. Depending on the circumstances, the best solution may be to attempt to reach a cost-effective resolution, or to litigate the matter in court until the matter is successfully resolved. At the Nolan Law Office, we have the experience necessary to navigate nearly every issue presented by employment agreements.
The Illinois Wage Payment and Collection Act
The Illinois Wage Payment and Collection Act is a powerful tool for enforcing employment agreements and recovering unpaid wages and benefits. Under the Act, employers are required to timely pay all earned wages under the parties’ contract or agreement. Notably, the Act does not require an enforceable legal contract, but rather the existence of an agreement (which may be written or oral) based on the parties' mutual understanding. For employees who have quit or been terminated, the Act further requires employers to pay all final compensation by the next regularly scheduled payday. Final compensation under the Act may include wages, commission, bonuses, and vacation benefits.
Employees who seek to enforce their rights under the Illinois Wage Payment and Collection Act may recover their unpaid wages and final compensation, interest at the rate of 2% per month, and their attorneys’ fees and costs.
Enforcing Your Rights: Contact Our Chicago Employment Attorneys
At the Nolan Law Office, we have been especially successful at winning cases under the Illinois Wage Payment and Collection Act and recovering millions of dollars of unpaid wages for our clients. Contact us today for a free consultation about your rights under the Illinois Wage Payment and Collection Act.